The other side of the rainbow.
I spoke briefly about the unbelievable train ride you can take the week I took a look at Durango, Colorado. I also covered places like. Steamboat Springs, Breckenridge, and Keystone to name a few. This week I will bring you information about the town on the other end of that ride…Silverton, Colorado. Silverton is one of the coolest historic towns in Colorado and the only town left in San Juan County. It also happens to be one of the more affordable towns to buy a vacation home without giving up any of the mountain town amenities.
There are not a lot of condos in this town, so I will compare a single-family home with its asking price, average mortgage rate, rental income rate, and life surrounding this beautiful old mining town.
What to do when buying a vacation home?
Furthermore from the awesome Durango and Silverton Narrow Gauge Railroad, there is plenty to do in the small, quaint town of Silverton. Some of the most professional skiers and snowboarders, including Shaun White and grace the snow with their skills. The snow is unlike any powder you are likely to see elsewhere. The Notorious Blair Street, famous for being home to over 40 saloons. Brothels at one time is surely an experience you can’t pass up. Not to mention the fact that hundreds of millions of dollars in gold and silver were extracted from the mines nearby.
Need some refreshment?
Swing by the Miner’s Tavern for a beer, historic atmosphere, and pool. It was rated one of the top 5 dive bars in snow country by Skiing magazine.
You can live the dream.
You can buy a vacation home in Silverton, Colorado for about $185,000. At this price, you can expect to get a little over 1,000 square feet, 2 bedrooms, and 1 bath in a historic 1898 home. The mortgage rate would be a very affordable $829/month, and you can recoup some of that money by renting it out for around $600-$700/month when you aren’t in town using it!
Make sure you use a professional buyers agent.
To get the best price and 100% buyer representation, make sure you use a local buyers agent. They can definitely put you in touch with other quality, local businesses you may need for financing, insurance, and inspections.
CLICK HERE FOR A FREE CONSULTATION WITH A COLORADO BUYERS AGENT NEAR SILVERTON!